Glossary
A
C
D
G
H
J
P
S
T
U
A
Applications and Tools (Apps & Tools)
Artificial Intelligence (AI)
AI-related Apps & Tools
C
Care Economy
Change of Job Demand
Compound Annual Growth Rate (CAGR)
Critical Core Skills
D
Demand of Apps & Tools in a work function
Demand of a skill
Demand of a skill cluster
Digital economy
G
Green Economy
Growth of a job role
H
Historical Transition
J
Job demand
P
Priority skills
S
Skill cluster
Skills similarity
T
Transferability of a skill
U
Unique job roles
Applications and Tools (Apps & Tools)
Digital and technology solutions programmes, in software or app formats, used in the application of skills to perform job tasks.
Artificial Intelligence (AI)
A branch of computer science focused on creating systems that can perform tasks typically requiring human intelligence. These tasks include learning, problem-solving, pattern recognition, decision-making, and language processing. AI systems use algorithms and data to simulate cognitive functions, enabling machines to adapt to new inputs and perform human-like tasks.
AI-related Apps & Tools
Apps & Tools that contribute to the creation, development, or deployment of AI, leverages AI capabilities, or associated with AI in general.
Care Economy
An economy that is based on a professional cluster of jobs and skills that provides care and support services involved in the nurturing and teaching of current and future populations.
Change of Job Demand
Change in number of job postings demanded over four years, from 2020 to 2023.
Compound Annual Growth Rate (CAGR)
The average annual growth rate over a specified period of time longer than one year. It represents one of the more accurate ways to calculate anything that can rise or fall in value over time.
Critical Core Skills
A unique set of 16 core skills identified by Singapore employers as the most critical to thrive in the future economy.
Demand of Apps & Tools in a Work Function
The demand of Apps & Tools used by a work function over the total demand of all Apps & Tools extracted from job postings in a year.
Demand of a Skill
The yearly demand of a given priority skill refers to that skill's demand, relative to the aggregate demand of all the skills for its respective economy, based on job postings data in a year.
Demand of a Skill Cluster
The six skill clusters are: Business and Financial Management, Critical Core Skills, Engineering and Manufacturing, Information Technology and Data Management, Operational Excellence, and Organisational and People Management. The demand of a skill cluster is the demand of skills within a given cluster relative to the total count of skills in all six skill clusters based on job postings in a year.
Digital Economy
An economy that is based on digital computing technologies, based on interconnecting people, organisations and machines through the Internet, mobile technology and the Internet-of-Things (IoT).
Green Economy
An economy that strives to achieve environmental, economic and social outcomes to take care of the environment and use limited resources as efficiently and sustainably as possible.
Growth of a Job Role
Defined as the increase in absolute number of job postings for a particular job role over time.
Historical Transition
These are actual transitions from one job role to another.
Job Demand
The demand of a job role expressed in terms of the number of job postings of a given job role in year, relative to the total number of job postings in the same year.
Priority Skills
Priority skills are a basket of skills that are deemed as currently in-demand, seeing positive growth or demanded by more than one unique job role. These skills have been validated by industry expert, academia and sector agencies.
Skill Cluster
A group of skills that is associated with broad business functions and the critical core skills. These skill clusters reflect the skill requirements needed across job roles in the Singapore economy.
Skills Similarity
Ratio of skills in common to all skills required by two comparing occupations.
Transferability of a Skill
Transferability of a given priority skill refers to the number of unique job roles that require the skill in a given year from job posting data.
Unique Job Roles
Unique job roles are job roles at Singapore Standard Occupation Classification (SSOC) level five that have distinct tasks, skills and functions.
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